06/04/2026
When a business is sold, existing contracts do not always transfer automatically.
Whether contracts continue after a sale often depends on how the transaction is structured and what the agreement itself says. In some cases, consent may be required before a contract can be assigned to a new owner.
Some important things to review include:
đź”·Whether the sale is structured as an asset sale or share sale
đź”·Assignment clauses within existing contracts
đź”·Change of control and consent requirements
Read our latest article here: https://boardwalklaw.ca/what-happens-to-contracts-when-a-business-is-sold/